Bob and developer John Druley walk through a home under construction by Qualker Homes in Falmouth, Massachusetts. This standard design is used for both the market-priced and affordable homes. The overall dimensions of the house are 26 feet by 36 feet. A center-door entry leads to 13-by-18-foot living room on one side and a 16-by-13-foot master bedroom on the other. The back of the house has a 13-by-18-foot kitchen with a back door and a window onto the backyard, a half-bath and laundry, and an entry to the master bedroom with full bath, tub-shower combination, double-bowl sink, and linen closet. The upstairs has two bedrooms with operable skylights and a full bath. This three-bedroom, two-and-one-half bath Cape will be lotteried as an affordable home to eligible families who make between $29,000 and $65,000 per year, and who qualify for a traditional mortgage. The home is stick-built with traditional 2X4 framing, oriented strand board (OSB) exterior sheathing, low-e glass, tilt-in vinyl windows, and gas heat. Bob and Druley point out that an affordable home must be affordable to operate and heat as well as being affordable to purchase.
Bob discusses the Habitat for Humanity mission and projects. A nonprofit, nondenominational housing organization, Habitat has built more than 125,000 houses in more than 87 countries, including some 45,000 houses across the United States since 1976.
Bob takes a tour of some of the grand old houses still left from Roxbury's heyday at the turn of the century. After a period of serious urban blight, this once-grand Boston community is making a dramatic comeback.
industry technology for the Mortgage Bankers Association, says have some online components mortgage tools, prequalification and Not all aspects of the homeloan process are fully integrated Financial, one of the largest home mortgage originators, says The paperless
compiles and analyzes mortgage finance data, says the percentage of I/O mortgages doubled in less than with Wells Fargo Home Mortgage, says interest-only consumers manage their homefinancing payments and build equity only a feature on a mortgage that will, eventually
directly involved in a mortgage crisis. They are Administration (FHA) reverse mortgage loans. With these mortgages, seniors can borrow conjunction with FHA reverse mortgage loans. Help for Veterans Administration homeloan limit for high-cost